Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/50081
Campo DC Valoridioma
dc.contributor.authorNombela, Gustavo
dc.contributor.otherNombela, Gustavo
dc.date.accessioned2018-11-24T13:06:58Z-
dc.date.available2018-11-24T13:06:58Z-
dc.date.issued2001
dc.identifier.issn0048-5829
dc.identifier.urihttp://hdl.handle.net/10553/50081-
dc.description.abstractA model is presented to analyse the impact of ownership over the problem of excess of employment generally found in public firms. A government has to provide a service or build an infrastructure, under uncertainty about the valuation of the project by consumers. Three possible ownership schemes are considered for the provision of this service: a state-owned firm, a private firm with a complete contingent contract, or a private firm with an incomplete contract. In all three schemes, the agent that chooses the size of the project is always the government, without any asymmetries of information. Even though multiple solutions are feasible and no definitive conclusion is found to be valid for all states of nature, an evaluation of outcomes shows that a private firm tends to underprovide infrastructure or services more often, while under public ownership the firm is typically larger. If incomplete contracting is added to the private firm case, the model exhibits solutions in which outcomes could be socially worse than those obtained by a public firm. Only changes in the voting behaviour of workers and contracting costs are required in this model to derive these results. Thus, the paper provides an example that ownership per se may have an effect on the size and efficiency of firms, even under symmetric information conditions, an extreme that has been generally denied in the literature on public firms and privatisation.
dc.publisher0048-5829
dc.relation.ispartofPublic Choice
dc.sourcePublic Choice[ISSN 0048-5829],v. 108, p. 1-31
dc.subject.otherPrivatization
dc.subject.otherEmployment
dc.titleEffects of public ownership over firms' size and overstaffing problems
dc.typeinfo:eu-repo/semantics/Articlees
dc.typeArticlees
dc.identifier.doi10.1023/A:1017511029441
dc.identifier.scopus0035637971
dc.identifier.isi000170941400001
dcterms.isPartOfPublic Choice
dcterms.sourcePublic Choice[ISSN 0048-5829],v. 108 (1-2), p. 1-31
dc.contributor.authorscopusid6701921249
dc.description.lastpage31
dc.description.firstpage1
dc.relation.volume108
dc.type2Artículoes
dc.identifier.wosWOS:000170941400001
dc.contributor.daisngid4340299
dc.identifier.investigatorRIDK-8342-2017
dc.contributor.wosstandardWOS:Nombela, G
dc.date.coverdateDiciembre 2001
dc.identifier.ulpgces
dc.description.jcr0,397
dc.description.jcrqQ2
dc.description.ssciSSCI
dc.description.erihplusERIH PLUS
item.grantfulltextnone-
item.fulltextSin texto completo-
crisitem.author.deptGIR TIDES: Investigación en Turismo y Transporte-
crisitem.author.deptIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.orcid0000-0001-7548-0035-
crisitem.author.parentorgIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.fullNameNombela Merchan,Gustavo-
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